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LEASING: AY closes 3 office deals, Goldschmidt brokers 10-year lease

NEW YORK

MITTI LIEBERSOHN

Avison Young closed three separate office leases on behalf of ownership at 211 East 43rd Street for pre-built spaces. Mitti Liebersohn, John Ryan, and Henry Fuentes represented building ownership Alchemy-ABR Investment Partners and Clarion Partners, LLC. the deals included:

  • A new five-year, 2,403 s/f lease for the City of New York Community Board #6
  • A new four-year, 1,985 s/f lease for Council Member Keith Powers
  • A 2,217 s/f lease expansion for construction management firm J.A. Jennings.

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George Comfort & Sons completed a new lease with Vitals at 7 West 18th Street, its nine-story boutique office building in the Flatiron District. Under the five-year lease, the company will occupy 5,377 s/f across the entire seventh floor of the building, relocating its New York office from 632 Broadway. Vitals was represented by Michael Staskiewicz of Edgemont Realty. George Comfort & Sons was represented in-house by Matthew Coudert and Alex Bermingham.

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Eric S. Goldschmidt of Goldschmidt & Associates has co-brokered a 10 year lease at the 14,000 s/f industrial building at 521 Waverly Avenue, Mamaroneck, New York. The tenant, specializing in the granite and stone business, was represented by Sarah Cardone of Keller Williams Realty, Scarsdale. The building was home to Plaza Sweets for more than 30 years. The business closed on December 31, 2017 and a lease was executed within 90 days of the building becoming available.

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Howard Epstein, Director/Leasing, HSP Real Estate Group, a member of NAI Global, has arranged a lease for M.S. Walker, a family-owned wholesale fine wine and spirits distributor, at 37 West 39th Street. It represents the first Midtown location for the New England-based firm, which serves retail, restaurants and hotels with its marketing and distribution services and manufactures its own brand of wine categories. The landlord, BWW 39 Co., was represented by Epstein and the tenant was represented by Omar Sozkesen of Cushman & Wakefield Inc. The lease term is three years and asking rent was $52 psf.

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FRANK DOYLE

The William Kaufman Organization (WKO) has signed four new leases at 437 Madison Avenue. Michael Lenchner represented building ownership for all four transactions, along with a JLL leasing team of Frank DoyleCynthia Wasserberger, David Kleiner, Harlan Webster and Hayley Shoener:

  • Financial company ACT Commodities, Inc. is expanding by more than 8,000 square feet. The firm’s new 10-year lease of 12,945 s/f comprises a portion of the entire 17th floor. The firm, which has been in the building since fall of 2016, currently occupies 4,800 s/f on the 19th floor. The company’s new lease now extends until the year 2028. L. Craig Lemle and Nick Zarnin of Savills Studley represented ACT Commodities.
  • Landmark Partners, a private equity, real estate and real assets investment company, has finalized a 10-year, 7,779 rentable square foot lease on a portion of the 39th floor of the tower. The firm, which has raised 30 funds that have been capitalized at more than $25.0 billion, expects to relocate from 681 Fifth Avenue later this year. Gordon Ogden and Nick Gilman of Byrnam Wood LLC represented Landmark Partners;
  • Global cybersecurity firm Darktrace, is growing by an additional 5,903 rentable square feet on the 32nd floor, bringing its total presence in the building to 9,710 rentable square feet. The firm is headquartered in Cambridge, UK and established its Manhattan location at 437 Madison Avenue in 2016. Joe Fabrizi of CBRE represented Darktrace.
  • Private equity firm and longtime tenant Kenner & Company, is renewing its 5,369 s/f space on a portion of the 36th floor. The firm has been in the building since summer of 2012.

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JANE ROUNDELL

Cresa’s New York and Detroit offices joined forces to provide the new location in New York for clothing brand Lands’ End, Inc. at 12 West 31st Street, between Fifth and Sixth Avenues. Spearheaded in New York by Cresa Managing Principal Jane Roundell and Senior Advisor Francesca Marrone with their Midwest counterparts Ron Gantner, Managing Principal, and Mike Carl, Vice President, the group arranged a five-year lease for a 3,200 s/f office on the penthouse floor of the centrally-located, Nomad office building. Lands’ End is relocating from 1407 Broadway.

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RFR Realty announced five newly signed transactions at 17 State Street, a 42-story office tower Two of the transactions took place on RFR’s new prebuilt floor on the 35th story of the building, where the firm preleased two of the three units before construction commenced. Now, ownership is prebuilding the entire 33rd floor to accommodate the demand. RFR’s Director of Leasing AJ Camhi and Vice President of Leasing Ryan Silverman, along with

RYAN SILVERMAN

Jones Lang LaSalle’s Mitchell Konsker, John Wheeler and Clayton Kline represented the landlord in each of the deals.

  • Singapore’s central bank, the Monetary Authority of Singapore (MAS), one of the original tenants of 17 State has occupied space in the property since it was built in 1989. MAS signed a long-term lease for a new prebuilt unit on the 35th floor. The tenant previously occupied a portion of the 25th floor. Andrew Hawkins of Foundry Commercial and Michael Gochman of the Gochman Group represented the tenant.
  • Rocky Mountain Institute (RIM) signed a lease for a new pre-built unit on the 35TH floor. Eric Ferriello and Stan Wiel of Colliers International acted on behalf of the tenant.
  • ThinkEquity, LLC leased a portion of the 22nd floor on a long-term basis. Tom Reilly of Thomas P. Reilly & Co. acted on behalf of the tenant.
  • Trinity Place Holdings, Inc. signed a lease on the 21st floor. The publicly traded real estate firm led by Matthew Messinger was represented by Richard Warshauer of Colliers International.
  • AM RE Syndicate LLC, a global reinsurance company, signed a lease for a prebuilt unit on the sixth floor. The firm is relocating from 55 Broad Street. The tenant was represented by Michael Bolton of Interrelate Group.

NEW JERSEY

A partnership of Camber Real Estate Partners and Advance Realty has entered into lease agreements with two new tenants at its four-building light industrial facility located at 19 Chapin Road in Pine Brook, New Jersey. An exclusive Cushman & Wakefield leasing team consisting of Executive Managing Directors Andrew Siemsen and Jason Goldman represented Camber and Advance in both transactions. The two companies will lease a combined 55,000 s/f at the facility, which is situated off U.S. Route 46 and Interstate 80.

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CBRE-NJ announced the following leases:

PETER SHIKAR

  • At Southfield Center in South Plainfield, Brenntag Specialties, a market leader in chemical distribution, inked a 16,766 s/f lease for its North America headquarters CBRE vice president Peter N. Shikar serves as the exclusive leasing agent and represented the building ownership, Tanzanite Realty, LLC (c/o Navika Capital Group, LLC), in the negotiation;
  • Prolong Pharmaceuticals extended and expanded at Southfield Center and now occupies 22,000 square feet of space. Peter N. Shikar represented the building ownership.
  • Comodo CA, a leader in cyber security solutions, inked a 20,000 s/f lease for its U.S. headquarters at 5 Becker Farm Road in Roseland,. The CBRE team of Daniel F. Casey, first vice president, and Joseph A. Sarno, associate, represented the building ownership, a joint venture between Soma Capital Partners (SCP) and Northlight Capital Partners, in the lease negotiations. CBRE’s Remy deVarenne, senior vice president, and Kadeem Goodall-Reid, associate, acted on behalf of Comodo CA. Ownership acquired the property in 2016 and brought on Accordia Realty Ventures to oversee a significant investment, transforming 5 Becker Farm Road into a best-in-class office property.

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Hudson managing principal Jason Gerbsman has arranged a new lease for Ruby & Jenna in Woodcliff Lake, Bergen County, NJ. The new location at Tice’s Corner is the fifth lease that Gerbsman has arranged for the young women’s fashion chain and its 13th store in the Tri-State area. The landlord is David Waldman of David Adam Realty. The approximately 2,000 s/fstore in the Woodcliff Lake shopping district is located between Chestnut Ridge Road and Harriet Drive.

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Levin Management Corporation (LMC) announced the following leases at North Village Shopping Center in Middlesex County:

VANESSA FERNANDEZ

A 13,000 s/f lease signing with national beauty retailer Ulta Beauty. LMC Leasing Representative Vanessa Fernandez arranged the lease. David Szabo from BKR Lamar Retail Services served as Ulta Beauty’s tenant broker;

A 1,594 s/f commitment by hair care franchise Sport Clips. David Townes of Cushman & Wakefield represented Sport Clips. Vanessa Fernandez represented the landlord.

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Park View Academy, a new daycare facility, has signed a lease to open its first location at Vantage, the luxury high-rise rental building in downtown Jersey City, N.J.’s Liberty Harbor North neighborhood. Slated to open in Early 2019, the new early childhood school will serve both residents of Vantage and the community-at-large, according to Fisher Development Associates, which is developing the 448-home waterfront building overlooking the Manhattan skyline, the Statue of Liberty and Liberty Harbor Marina. Park View Academy will occupy approximately 4,600 square feet of ground floor retail space at Vantage. The facility will feature a large play area to strongly encourage a high level of child interaction. Tom Donovan at Donovan Realty brokered the lease.

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NAI James E. Hanson brokered a lease for 4,580 s/f of office space with Village Play Café, LLC, at 17 Watchung Avenue in Chatham. Andrew Kirshenbaum and Tom Ryan represented both the landlord, James Prisco, Jr., and the tenant, Village Play Café, LLC, in the transaction. Village Play Café, will offer an interactive play space for children up to five years old.

CONNECTICUT

Angel Commercial announced the following leases:

  • Dark Field Technologies is relocating their headquarters from Orange to Shelton, CT. Jon Angel was the sole broker in this transaction. DFT has leased 5,785 s/fof space at 5 Research Drive in Shelton, CT., an 84,000 s/f office building near Route 8 that is owned and managed by R.D. Scinto, Inc.
  • Jon Angel brokered an 11,240 s/f lease for an industrial building on 0.7 acres of land at 165 Pepes Farm Road in Milford, CT, to Turtle & Hughes, an electrical distributor. This will be Turtle & Hughes third location in Connecticut. The fourth-generation family-owned electrical distributor has headquarters in Linden, New Jersey.

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SEAN MCDONNEL

Avison Young Fairfield/Westchester office, announced the closing of two new leases totaling over 10,000 s/f at 600 West Putnam Avenue in Greenwich, CT. Sean McDonnell, a principal at Avison Young and head of the firm’s Healthcare Affinity Group, represented both tenants, Connecticut Dermatology Group and Coastal Eye Surgeons, in the new leases with well-known developer and landlord John Fareri of Fareri Associates, LP.

  • Connecticut Dermatology Group, the largest skincare treatment center between New York City and New Haven, CT, signed a long-term lease for over 6,000 s/f at 600 West Putnam.
  • Connecticut-based ophthalmology clinic Coastal Eye Surgeons, a renowned high-end, boutique style practice exclusively offering femtosecond laser cataract surgery in Greenwich, leased 4,300 s/f at the property.

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